Several Factors Can Influence the Price of Silver; Global Supply and Demand is a Big Factor

Many industries rely on silver for their products. The electronics industry uses the white metal in appliances, cell phones, and other technology. Silver is the best conductor of heat and electricity. The medical industry uses silver in instruments due to its bioactive properties – It can kill more than 400 micro-organisms.

Another factor that influences silver’s price is the global economy. The United States has accumulated unprecedented levels of debt, an alarming situation that may have reached a tipping point. Financial instability, inflation, and distrust in governments and mainstream financial assets are all good conditions for rising silver prices. By trading dollars for silver, investors can insulate a portion of their wealth from financial calamity.